All your business needs in one place

Tips for a successful relationship with your financier

Print Print Share Facebook Tweet
Last updated on June 17, 2014

Your financier, whether a bank or some other financial organisation, plays a crucial role in the operation and success of your business.

For long-term stability, you need to develop an unofficial ‘partnership’ with your financier.

To maintain good relations with your financier, make sure you:

  • establish rapport and mutual confidence with the financier – if he or she is transferred, take steps to re-establish support
  • conduct all business affairs professionally
  • talk to the lender before making a formal application for loan funds – get to know the financier early, before assistance is required
  • do all homework necessary – determine precisely what the financial needs of your business are
  • display initiative when applying for finance but avoid being aggressive
  • keep your financier regularly informed on progress and developments with your business by providing accurate and timely financial information
  • invite your financier to visit your business premises
  • ensure your bank is competitive at all times – ask and shop around to make sure you are getting a good deal
  • discuss important matters in person rather than over the telephone
  • take the initiative if you encounter difficulties or anticipate a problem with your loan – make an appointment to discuss the situation with the financier.


Local support
for your business
Digital ready
Get your business online

Info to help get you started or get more out of being online